ATR%, ATR Timer and Range Expansion signal
These 3 indicators can be really useful.
The usage is fairly straightforward, if you understand price action, having an statistical edge like these provide can be useful.
Refer to Tim West's charts to learn more about range expansion bars.
The idea for the Atr% and Atr timer come from discussions I had with Yacine Kanoun, props to him for his contribution.
The usage is fairly straightforward, if you understand price action, having an statistical edge like these provide can be useful.
Refer to Tim West's charts to learn more about range expansion bars.
The idea for the Atr% and Atr timer come from discussions I had with Yacine Kanoun, props to him for his contribution.
study(title="ATR%", shorttitle="ATR%", overlay=false) source = close length = input(1, minval=1, title = "EMA Length") atrlen = input(10, minval=1, title = "ATR Length") ma = ema(source, length) range = tr rangema = ema(range, atrlen) atrp = (rangema/ma)*100 avg = ema(atrp,30) plot(atrp, color=black) plot(avg, color=maroon)